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Japan Excellent to Repay 5 Billion Yen Loan Early Using Asset Sale Proceeds

Japan Excellent (TYO:8987) has decided to make an early repayment of 5 billion yen in borrowings on July 31, funded by proceeds from its transfer of Bizcore Akasaka-Mitsuke.The repayment covers two loans from Mizuho Bank, including a 2 billion yen facility originally due September 2026, and 3 billion yen of a 3.5 billion yen loan scheduled for February 2027.Both loans carry floating interest rates at TIBOR plus 0.200%, according to a Tokyo bourse filing on Wednesday.

TYO:8987

Asia2d ago

Nichirei Targets Full Operational Recovery This Week After Cyberattack

Nichirei (TYO:2871) is working to restore its warehouse operations and frozen-food shipments following a cyberattack, with full normalization expected within the week, according to a Tokyo bourse filing on Wednesday.The company said an external cybersecurity firm and relevant authorities are investigating the incident, but did not disclose further details.Nichirei said some servers containing personal information were affected and that it has notified the individuals concerned.

TYO:2871

Asia2d ago

EU Flags Foreign Subsidy Concerns in JD.com's Ceconomy Deal

The European Commission raised preliminary objections to JD.com's (NASDAQ:JD, HKG:9618) proposed $2.5 billion acquisition of German retailer Ceconomy, according to a Wednesday statement.The commission said JD.com may have benefited from Chinese government support, including preferential financing, tax incentives and grants, potentially giving the combined company an unfair competitive advantage after the acquisition.The objections are preliminary and do not prejudge the outcome of the investigation.A statement of grounds is a formal step in the investigation that outlines the Commission's preliminary concerns.The Commission's provisional deadline to complete its review is Oct. 2.

HKG:9618

Asia2d ago

Sunrise Energy Metals Speeds Up Study to Assess Expanded Production Capacity at New South Wales Scandium Project

Sunrise Energy Metals (ASX:SRL) sped up studies at the Syerston scandium project in New South Wales to assess boosting production capacity to 180 tonnes per annum (tpa) of scandium oxide, according to a Thursday Australian bourse filing.The studies are assessing an additional 120 tpa scandium oxide production train, including the relative capital efficiency, plant configuration, operating cost profile, and execution requirements.Its development plan for the initial 60 tpa operation remains targeted toward commercial production in 2028, subject to completion of engineering, financing, a final investment decision, and other customary requirements.Its shares were up 2% in recent trading on Thursday.

ASX:SRL

Asia2d ago

Mitsubishi Estate Logistics REIT Acquires Osaka Facility for 3.12 Billion Yen

Mitsubishi Estate Logistics REIT (TYO:3481) has agreed to acquire MJ Logipark Daito 1, a four-story box-type logistics facility in Daito, Osaka, for 3.12 billion yen, effective July 24, according to a Tokyo bourse filing on Wednesday.To fund the acquisition and related expenses, the REIT has secured 1.63 billion yen in debt financing comprising 130 million yen in short-term borrowings from Mizuho Bank and 1.5 billion yen in long-term borrowings from MUFG Bank, a separate disclosure showed.The seller's identity remains undisclosed due to confidentiality agreements, and the transaction involves no related-party dealings.

TYO:3481

Asia2d ago

Brazilian Rare Earths Advances Exploration at Brazil Project in June Quarter; Shares Up 3%

Brazilian Rare Earths (ASX:BRE) advanced exploration at the Velhinhas project in Brazil in the quarter ended June 30, intersecting over nine kilometers of rare earth corridors, according to a Thursday filing with the Australian bourse.A geophysics survey confirmed four large-scale north-northeast trending mineralized corridors, extending rare earth mineralization to over eight kilometers south of the Monte Alto deposit, the filing said.The company will now report the deposit and associated regional corridors under a unified Monte Alto District exploration and development framework, per the filing.Shares rose 3% in morning trade Thursday.

ASX:BRE

Asia2d ago

Get Nice Says Cyberattack Temporarily Disrupted Trading Services

Get Nice (HKG:0064) said a cyberattack temporarily disrupted the electronic trading systems of its securities and futures subsidiaries, according to a Wednesday filing.The company said the attack occurred on the evening of July 19, temporarily interrupting electronic trading services and stock withdrawals.The electronic trading system of Get Nice Securities resumed operations at 9:00 a.m. on Wednesday, while services at Get Nice Futures will resume as soon as practicable.Get Nice said it engaged a cybersecurity firm to investigate the incident and strengthen its network security measures.It added there is currently no evidence that any information has been misused and expects no material impact on the group's operations or financial performance.

HKG:0064

Asia2d ago

Maritana Minerals Advances Accommodation Strategy at Western Australia Processing Hub

Maritana Minerals (ASX:MRT) is progressing required approvals to implement its accommodation strategy for workers at its Black Swan processing hub in Western Australia, according to a Thursday Australian bourse filing.It procured kitchen and accommodation units from ATCO Structures & Logistics to build a 60-room permanent camp at Black Swan. The camp design is scalable to 120 rooms. It acquired a property in central Kalgoorlie with existing development approval for the construction of a 50-room camp and secured temporary accommodation to support ongoing resource drilling activities and the planned ramp-up of mining operations.It also engaged Quick Camps to provide a 57-room temporary camp at the hub, including kitchen and other amenities, to support development activities. The camp will be operational from August and remain on site for around 12 months.Worker accommodation will be allocated based on the location of operating sites across the life of the project.Its shares fell 1% in recent trading on Thursday.

ASX:MRT

Asia2d ago

Baidu Applies for Hong Kong Dual Primary Listing

Baidu (HKG:9888) has applied to convert its Hong Kong secondary listing to a dual primary listing and received acknowledgment of the application from Hong Kong Exchanges and Clearing, according to a Wednesday bourse filing.The conversion is expected to become effective later this year, subject to the exchange's approval.Upon completion, Baidu will be dual-primary listed in Hong Kong and on Nasdaq.The company said the move reflects increased trading volume in Hong Kong, the close connection between the city and its mainland China operations, and its long-term business development plans.Baidu also proposed an issuance mandate, a share repurchase mandate, a 2026 share incentive plan and amendments to its articles of association, subject to shareholder approval.The company also applied for waivers to continue using U.S. GAAP, maintain certain contractual arrangements and use Nasdaq-based pricing for certain share options.

HKG:89888HKG:9888

Asia2d ago

Market Chatter: Inpex Starts Trial Seabed Drilling for Carbon Capture Project

Inpex (TYO:1605) has commenced trial seabed drilling near Chiba prefecture for a carbon capture and storage initiative aimed at helping hard-to-decarbonize industries like steelmaking, Nikkei Asia reported on Wednesday, citing a top official.Inpex subsidiary Metropolitan CCS is handling the operation, which involves drilling to a depth of 1,900 meters to assess geological suitability for long-term CO2 sequestration, the news agency said, citing Yoshiaki Oku, president of Metropolitan CCS.The company will evaluate the site by injecting seawater into rock formations, with data analysis expected to take one to two years before determining commercial viability, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:1605

International2d ago

Bank Indonesia Pauses Hikes, Keeps Interest Rates Unchanged

Bank Indonesia kept its key interest rates unchanged on Wednesday following the conclusion of its Board of Governors' meeting.The central bank left the 7-day reverse repurchase rate, or BI rate, unchanged at 5.75%, while also maintaining the deposit facility rate at 4.75% and the lending facility (LF) rate at 6.50%.According to a Reuters poll, 20 of 33 economists it surveyed had expected another 25-basis-point (bps) hike, while the rest had predicted no change.In a statement, Bank Indonesia said it is expanding its incentive policy and introducing more measures to increase foreign portfolio inflows, strengthen Rupiah exchange rate stability, and accelerate money market and foreign exchange market deepening.It is also working on increasing liquidity and reducing liquidity segmentation in the money market and banking industry.

^JKSE

Asia2d ago

Fineos Reports 23% Decline in Q2 Client Cash Receipts

Fineos (ASX:FCL) reported second-quarter client cash receipts of 26.9 million euros, down 23% from a year earlier due to the timing of collections, according to a Thursday filing with the Australian bourse.The company said its full-year 2026 revenue guidance remains unchanged at 147 million euros to 152 million euros.Fineos ended the quarter with a cash balance of 39 million euros, up by 4.1 million euros from a year earlier and 8.1 million euros lower than the previous quarter, reflecting the seasonal nature of cash collections.The company's shares gained 2% in recent Thursday trade.

ASX:FCL

Asia2d ago

Vitrafy Life Sciences Enters Partnership with US Blood Bank to Expand Cryopreservation Ecosystem for Red Blood Cells, Shares Jump 11%

Vitrafy Life Sciences (ASX:VFY) entered a partnership with Hoxworth Blood Center in the US to expand the firm's cryopreservation ecosystem in response to the end-of-life of legacy red blood cell cryopreservation technology, according to a Thursday Australian bourse filing.The firm said it was working to address red blood cell cryopreservation workflows resulting from the discontinuation of critical legacy technology starting in 2027. The agreement is not expected to generate revenue.Under the partnership, Vitrafy and Hoxworth will both contribute resources and support in addressing this threat. Vitrafy will initially place one cryopreservation freezing and software package at Hoxworth during the first half of fiscal year 2027.Its shares jumped 11% in recent trading on Thursday.

ASX:VFY

Asia2d ago

Japanese Equities Rise on Tech Boost Amid Geopolitical Tensions

Japanese stocks climbed at Thursday's opening, tracking overnight gains in U.S. tech stocks following megacap results.The Nikkei 225 rose 305.4 points or 0.5% to 66,421.01.Alphabet's cloud division delivered revenue well above projections, with its contracted business backlog surging beyond $500 billion. In contrast, Tesla posted quarterly earnings that missed analyst forecasts.Alphabet fueled sentiment by raising its annual capex forecast to as high as $205 billion, driven by surging AI infrastructure demand, according to various reports.Meanwhile, crude prices extended gains for a fifth session after Houthi attacks on Saudi tankers in the Red Sea heightened fears of supply disruptions.

Nikkei 225

Asia2d ago

Update: Domino's Pizza Enterprises Misled Franchisees by Instructing Them to Underpay Workers, Australia's Federal Court Rules

(Updates with a statement from Domino's in the fifth paragraph and stock movement in the last paragraph.)Domino's Pizza Enterprises (ASX:DMP) misled franchisees by asking them to underpay thousands of delivery drivers and in-store staff under obsolete employment agreements that did not include key entitlements, Australia's Federal Court ruled on Wednesday.The class action filed in 2019 by Riley Gall, a former Domino's delivery driver, covers workers employed by Domino's Australian franchisees between 2013 and 2018.The company's conduct was "objectively wrong" when it instructed franchisees to pay workers under outdated agreements as opposed to the applicable Fast Food Industry Award, which carries better terms and conditions, the court said.It added that the determination of claims for loss and damage by group members will require a further hearing.In a Thursday statement, Domino's Pizza Enterprises said the court assessed Gall's loss at AU$11,869 plus interest, but "potential wider exposure to other alleged group members remains highly uncertain and unquantifiable." The company added that it is reviewing the judgement to assess its options, including a potential appeal.Its shares fell past 2% in recent Thursday trade.

ASX:DMP

Asia2d ago

Kingsgate Consolidated Says Thailand Gold Mine Produced Over 200,000 Ounces of Gold Since 2023 Restart, Shares Jump 3%

Kingsgate Consolidated (ASX:KCN) said the Chatree gold mine in Thailand produced over 200,000 ounces of gold and 2 million ounces of silver since operations restarted in March 2023, according to a Thursday Australian bourse filing.Plant 1 at the mine continues to operate at around 50% of nameplate capacity, with the modified SAG Mill circuit performing reliably at 120 wet tonnes per hour to 130 wet tonnes per hour. It is working with Metso and specialist contractors to expedite the repairs and return ball mill 1 to full operation as soon as practicable.Its shares jumped 3% in recent trading on Thursday.

ASX:KCN

Asia2d ago

Affluent Hong Kong, Mainland Investors Lower Return Expectations, Broaden Portfolios: DBS Survey

Affluent investors in Hong Kong and mainland China lowered their 2026 annual return expectations to 7.9% and 8.1%, respectively, while shifting their focus toward long-term wealth growth, according to a Tuesday DBS survey.To achieve this, investors are broadening their portfolios. Stocks remained the top allocation at 41%, but alternative investments surged to 18% to become the second-largest asset class, alongside a growing appetite for exchange-traded funds over traditional mutual funds.The survey also highlighted rising artificial intelligence adoption for investment research and noted that 63% of respondents hold overseas assets, mainly in Hong Kong.

Hang SengShanghai Composite^SZSE

Asia2d ago

Clinuvel Pharmaceuticals to Move Headquarters to US, Plan Workforce Reduction of Up to 20%

Clinuvel Pharmaceuticals (ASX:CUV) said it will relocate its corporate headquarters to the US from Jan. 1, 2027, as the company restructures operations to support US market expansion and enhance access to capital, according to a Thursday Australian bourse filing.The company will reduce its global workforce by around 10% to 20% and redirect resources toward its US-focused pharmaceutical pipeline, with a particular emphasis on late-stage vitiligo programs, the filing said.The company said the move is driven by stronger US investor demand, deeper specialty pharmaceutical capital markets, and the potential for higher valuation multiples than Australian Securities Exchange-listed peers, the filing added.Clinuvel Pharmaceuticals' shares added 2% in recent Thursday trade.

ASX:CUV

Asia2d ago

RAM Essential Services Property Fund to Sell Five Retail Assets; Shares Up 4%

RAM Essential Services Property Fund (ASX:REP) agreed to sell five of its retail assets to an institutional investor fund, with the company retaining a 10% interest in that fund, according to a Thursday filing with the Australian bourse.The assets are Coomera Square, Springfield Fair, Coles Rutherford, Keppel Bay Plaza, and Mowbray Marketplace, the filing said.The sale of the assets is subject to approval from the Foreign Investment Review Board and receipt of a credit-approved financing term sheet, with completion anticipated in the second quarter of fiscal year 2027, per the filing.Shares rose 4% in morning trade Thursday.

ASX:REP

Asia2d ago

Update: Zenith Minerals Says Ida Metal Investments Lifts Stake, Signals No Acceptance of Forrestania Offer

(Updates to add Forrestania's statement in the fourth and fifth paragraphs and stock movements in the last paragraph)Zenith Minerals (ASX:ZNC) said Ida Metal Investments has increased its stake in the company to around 10.1% after acquiring 4 million shares on-market, while indicating it does not currently intend to accept Forrestania Resources' (ASX:FRS) takeover offer of one Forrestania share for every 4.3 Zenith shares, according to a Thursday filing with the Australian bourse.The company noted that Ida's holding alone would not prevent the takeover offer from becoming unconditional, with the bid subject to a 50.1% minimum acceptance condition, the filing said.The company's board reiterated its unanimous recommendation that shareholders accept Forrestania's offer, in the absence of a superior proposal, the filing added.Forrestania Resources, in a Thursday filing with the Australian bourse, said it considers that it is in the best interests of Zenith Shareholders to accept its offer as no superior offer has materialized yet.Forrestania added that Zenith's current share price is "arguably being supported" by its takeover offer and Ida's current shareholding does not prevent Forrestania from achieving the minimum acceptance condition.Zenith Minerals' shares jumped 5% in recent Thursday trade, and Forrestania Resources' shares also gained 5%.

ASX:FRSASX:ZNC

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